The euro extended its gains to $1.125, reaching its strongest level since early October, as investors digested accelerating eurozone inflation while an unexpected sweeping Democratic victory in the US midterm elections weighed on the dollar. Eurozone annual inflation accelerated to 4.0% in October, its highest level since September 2023 and well above the ECB’s 2% target, mainly driven by an energy cost surge. The single currency has also drawn support from increasingly hawkish rhetoric among European Central Bank policymakers. Despite last week’s decision to leave interest rates unchanged, officials signaled that further rate increases may be necessary to contain inflationary pressures and prevent them from spilling over into wages, reinforcing expectations of a tighter monetary policy stance. Meanwhile, the unexpected US election outcome added to pressure on the dollar, while AI stocks and cryptocurrencies also declined amid concerns over tighter regulatory scrutiny.
The EUR/USD exchange rate fell to 1.1199 on November 6, 2026, down 0.18% from the previous session. Over the past month, the Euro US Dollar Exchange Rate - EUR/USD has strengthened 0.02%, but it's down by 3.19% over the last 12 months. Historically, the Euro US Dollar Exchange Rate - EUR/USD reached an all time high of 1.87 in July of 1973.The euro was only introduced as a currency on the first of January of 1999. However, synthetic historical prices going back much further can be modeled if we consider a weighted average of the previous currencies. Euro US Dollar Exchange Rate - EUR/USD - data, forecasts, historical chart - was last updated on November 6 of 2026.
The EUR/USD exchange rate fell to 1.1199 on November 6, 2026, down 0.18% from the previous session. Over the past month, the Euro US Dollar Exchange Rate - EUR/USD has strengthened 0.02%, but it's down by 3.19% over the last 12 months. The Euro US Dollar Exchange Rate - EUR/USD is expected to trade at 1.12 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.14 in 12 months time.